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Article: THE ECONOMIC AND SOCIAL DIMENSIONS OF THE NEW ECONOMY.(Statistical Data Included)
- Article from:
- Australian Journal of Social Issues
- Article date:
- November 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Australian Council of Social Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Introduction
Originating in the United States, the term `new economy' has become increasingly fashionable in Australia among the media, policy makers and scholars alike. The low level of the currency, for instance, has been blamed on the fact that Australia is perceived as an `old economy' (S. Lewis 2000). The Federal Government is even discussing the possibility of creating a Department of the New Economy (Taylor & Lewis 2000). Definitions of exactly what is meant by the term are, however, difficult to come by; and it remains an elusive concept (cf. OECD 2000).
In this paper I outline three key dimensions of the new economy debate. Clarifying these ...